Date Closed

August 7, 2013

Lead Office

Toronto

Value

1.00 Billion EUR

On August 7, 2013, Canadian Imperial Bank of Commerce (CIBC) completed an offering in Europe of an aggregate amount of €1,000,000,000 series CBL1 1.25% covered bonds due August 7, 2018 (the Covered Bonds). This is pursuant to a newly established C$15 billion Global Covered Bond Programme registered under the Canadian legal framework for covered bonds administered by Canada Mortgage and Housing Corporation,

The Covered Bonds trade on the London Stock Exchange and are irrevocably and unconditionally guaranteed as to timely payment of principal and interest by CIBC Covered Bond (Legislative) Guarantor Limited Partnership. CIBC World Markets plc, Commerzbank Aktiengesellschaft, HSBC France and The Royal Bank of Scotland plc acted as lead managers and NATIXIS, Barclays Bank PLC, BNP Paribas, Merrill Lynch International, Citigroup Global Markets Limited, Credit Suisse Securities (Europe) Limited, Deutsche Bank Aktiengesellschaft, DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, J.P. Morgan Securities plc, Landesbank Baden-Württemberg, Lloyds TSB Bank plc, Société Générale, RBC Europe Limited, UBS Limited and UniCredit Bank AG acted as co-managers.

CIBC, headquartered in Toronto, is one of Canada's chartered banks, fifth largest by deposits.

McCarthy Tétrault LLP represented CIBC, the issuer, with a team led by Marc MacMullin.